The Energy Consulting
Group

Business strategy for upstream
oil and gas producers and service companies

Our focus is to develop and implement strategies
that are practical, sustainable and allow organizations to achieve their
full potential. Our consultants have long histories of working closely with
senior executive teams of firms of all sizes to help their companies not
only be successful, but achieve performance that stands out relative to
peers.

Eni has made a world class supergiant gas discovery
at its Zohr Prospect, in the deep waters of Egypt. The discovery
well Zohr 1X NFW is located in the economic waters of Egypt’s
Offshore Mediterranean, in 4,757 feet of water depth (1,450
metres), in the Shorouk Block, signed in January 2014 with the
Egyptian Ministry of Petroleum and the Egyptian Natural Gas
Holding Company (EGAS) following a competitive international Bid
Round.

According to the available well and seismic information , the discovery could
potentially hold 30 trillion
cubic feet of lean gas in place (5.5 billion barrels of oil
equivalent) covering an area of about 100 square
kilometres. Zohr is the largest gas discovery ever made in Egypt
and in the Mediterranean Sea, and could become one of the
world’s largest natural-gas finds.

Eni will immediately appraise the field with the aim
of accelerating a fast track development of the discovery that
will utilise at best the existing offshore and onshore
infrastructures.

Zohr 1X NFW was drilled to a total depth of
approximately 13,553 feet (4,131 metres) and hit 2,067 feet (630
metres) of hydrocarbon column in a carbonate sequence of Miocene
age with excellent reservoir characteristics (400 metresplus of
net pay). Zohr’s structure has also a deeper Cretaceous upside
that will be targeted in the future with a dedicated well.